Stack's Bowers & Ponterio
April 2015 Hong Kong Auction - Sess. A-C 30 Mar-1 Apr 2015
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CHINA. Chihli (Pei Yang Arsenal). Dollar, Year 22 (1896). PCGS EF-40 Secure Holder.
L&M-439; K-181; Y-65; WS-0603; Chang Foundation-pg. 114#51; H.Chang-CH9; Wenchao-pg. 401#606 (rarity four stars). This VERY RARE Dollar struck in the twenty-second year of Kuang Hsu represents the first year of issue for the Pei Yang Arsenal. During the mint's first few years of operations, coinage denominations were assigned using the decimal system. It was not until the twenty-fifth year of Kuang Hsu (1899) that the mint would designate the denomination based on the 7 Mace 2 Candareens system as used by most mints. The Dollar offered here represents the largest denomination produced by the mint at this time. According to contemporary Chinese customs reports, the mintage for the 1897 Dollar was only 3,000 pieces. Due to its low mintage and the early nature of its issue, very few examples have survived, especially in nice condition. The original Pei Yang Arsenal mint was destroyed during the Boxer Rebellion only to be later rebuilt, eventually becoming the Tientsin mint which served as the main mint for all of China. Mild toning throughout. Notable luster on the reverse among the legends. Certainly a worthy specimen for an advanced collection. PCGS EF-40 Secure Holder.
Estimate: $15000.00- $25000.00
L&M-439; K-181; Y-65; WS-0603; Chang Foundation-pg. 114#51; H.Chang-CH9; Wenchao-pg. 401#606 (rarity four stars). This VERY RARE Dollar struck in the twenty-second year of Kuang Hsu represents the first year of issue for the Pei Yang Arsenal. During the mint's first few years of operations, coinage denominations were assigned using the decimal system. It was not until the twenty-fifth year of Kuang Hsu (1899) that the mint would designate the denomination based on the 7 Mace 2 Candareens system as used by most mints. The Dollar offered here represents the largest denomination produced by the mint at this time. According to contemporary Chinese customs reports, the mintage for the 1897 Dollar was only 3,000 pieces. Due to its low mintage and the early nature of its issue, very few examples have survived, especially in nice condition. The original Pei Yang Arsenal mint was destroyed during the Boxer Rebellion only to be later rebuilt, eventually becoming the Tientsin mint which served as the main mint for all of China. Mild toning throughout. Notable luster on the reverse among the legends. Certainly a worthy specimen for an advanced collection. PCGS EF-40 Secure Holder.
Estimate: $15000.00- $25000.00